Spanish Facturae to cut Public Administration debts to suppliers

Spanish Facturae to cut Public Administration debts to suppliersOn 23 October, Congress approved the law promoting electronic billing and the creation of a single Accounts Register for payments in the Public Sector, which comes into force as of next year, 2014. This drive towards a paperless Public Administration. But in addition to this, Facturae is also an excellent way to cut down on Public Sector late payments to suppliers.

As of January this year, all Administrations will have an accounting record for invoices, whose managers will forward the information on invoices received to the Tax Authority. This will also allow for better knowledge of payments pending, and therefore greater control of any possible delays that might occur.

Source: http://newsroom.edicomgroup.com/en/2013/12/30/facturae-to-cut-public-administration-debts-to-suppliers/


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